US Markets Close Higher Despite Omicron Concerns
Major stock market indices in the United States closed Monday's session with sharp gains with the Dow Jones Industrial Average rising over 640 points despite the concerns over the spread of [...]
Hisa Unveils US Stock Market Investing For Kenyans as Regulator Issues No Objection
Hisa Technologies has today unveiled Hisa mobile app that allows anyone in Kenya to invest in US stocks and ETFs directly from their phones using mobile money. For the first [...]
CFOs in Manufacturing Embrace technology to improve business processes SYSPRO Report
Traditionally, the role of the CFO has always been more comparable to someone focused on crunching the numbers with more focus on history – generating reports about the past through [...]Nairobi Securities Exchange Board Declares Special Dividend
The Board of Directors of the Nairobi Securities Exchange have declared a special dividend of Sh 0.50 per ordinary share at its meeting held on 26th November 2021. The board [...]Britam Announces Shock Resignation of CEO Tavaziva Madzinga
Kenya's financial services group Britam Holdings has announced the shock resignation of its managing director, Tavaziva Madzinga, after less than one year in office. The announcement comes barely 10 months [...]CoAmana Tech Startup to link Farmers and Buyers
CoAmana Market Limited, a tech startup is keen to expand its buyer-seller activities in Kenya, with a focus on agricultural products. This is through its digital marketplace, Amana Market, which [...]
Reprieve as Tea Auction Records an Increase in Prices
The weekly Mombasa Tea Auction held on 15th, 16th, and 17th November 2021 had 12.3 million kilograms of tea offered for sale. The amount on offer increased from 12.1 million kilograms during [...]NSE Weekly Equity Turnover Declines 28% to KSh 2.5 Billion
Nairobi Securities Exchange(NSE) recorded a decline in weekly turnover to KSh 2.5 Billion from KSh 3.4 Billion the prior week, a decline of 28%. The volume of shares traded also [...]CBK Collects KSh 23.3 Billion at Weekly T-Bills Auction, 108.6% Oversubscription
The Central Bank of Kenya(CBK) received bids worth KSh 26.1 Billion at the Weekly Treasury Bills Auction, representing an oversubscription of 108.64% with the Government fiscal agent accepting KSh 23.3 [...]Kenya's Weakening Shilling Weighs on its External Debt Repayment Burden
Kenya’s debt service costs, which are expected to surge by 22% this fiscal year, are set to rise even further as the Shilling sank to all-time lows of Ksh 112.100 [...]Video; Breaking down the MTN Uganda IPO with CEO Wim Vanhelleputte
23 Years and 15 million subscribers later, MTN Uganda is offering an Initial Public Offering on the Uganda Securities Exchange. Join Eric Jackson and Wim Vanhelleputte as they break down [...]Vodacom Group to acquire controlling stake in Vodafone Egypt for US$2.738 Billion
Vodacom Group on Wednesday announced that has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt, one of Africa’s premier telecom operators. Subject to regulatory and shareholder [...]
